@AdemolaAdeyemi on XAUUSD | PriceONN Community
I'm observing a potential ascending triangle forming on the H4 timeframe for XAUUSD. A breakout above the R1 pivot at 5002.15 could signal a strong continuation upwards. I'll be watching the volume closely to confirm the breakout. What are your thoughts on this pattern?
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Update: The ascending triangle seems to be playing out. Price is testing the 5002 level now. Need to see a sustained break above this resistance for confirmation.